Thursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreLondon midday: Markets trading within narrow range
28th Jan 2013 11:33
London's benchmark index, the FTSE 100, was pausing for a breather on Monday morning with markets cautious ahead of a busy week. The index was trading within a narrow range over the course of the morning, with just 10 points separating its intraday high (6,289) and low (6,279). Economic data from
Read moreLondon open: Markets 'pause for breath' after recent gains
28th Jan 2013 08:26
The FTSE 100 started Monday's session broadly unchanged as confidence about China provided some support, helping the FTSE 100 hold on to gains made in recent weeks. Impressive economic data helped drive a 2.1% rise on the Footsie last week, including better-than-expected readings of Chinese and Ame
Read moreLondon pre-open: Modest gains expected on FTSE in early trading
28th Jan 2013 07:32
City sources predict the FTSE 100 will open up three points from Friday's close of 6,284, shrugging off last week's disappointing GDP data. Sentiment was helped by market activity in the US where stocks finished with decent gains on Friday on the back of several better-than-expected corporate resu
Read moreMitie on track for higher second half revenue
28th Jan 2013 07:07
Outsourcing firm Mitie said it was performing in line with management expectations as strong organic growth was driven by new and expanded contracts. It continues to expect total revenue growth to be higher in the second half than seen in the first. This confidence was down to both organic revenue
Read moreFTSE 250 movers: Ashtead boosted by Credit Suisse note
16th Jan 2013 15:14
Ashtead Group rose after Credit Suisse raised its target price on the stock from 400p to 545p, retaining an outperform rating. Jupiter Fund Management reported 'another good quarter', but it wasn't enough to stop broker Peel Hunt downgrading the stock from 'buy' to 'hold', pushing the stock lower.
Read moreWednesday broker round-up UPDATE
16th Jan 2013 07:16
Anglo American: Goldman Sachs reduces target price from 1650p to 1500p and reiterates its sell recommendation. Antofagasta: Goldman Sachs ups target price from 1100p to 1120p and still recommends to sell. ARM Holdings: UBS increases target price from 750p to 900p, while downgrading to neutral. As
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreMitie to redecorate London borough
9th Jan 2013 10:32
Mitie, the FTSE 250 outsourcing company, has been awarded a 30m pound contract to redecorate homes across Hammersmith and Fulham borough in London. The firm's painting business will deliver a borough-wide maintenance programme over three years at £10m per annum. The works, which begin in Marc
Read moreWednesday broker round-up UPDATE
28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreWednesday broker round-up UPDATE
21st Nov 2012 07:10
Avocet Mining: Goldman Sachs downgrades from neutral to sell. Barr (AG):Numis upgrades to add with a traget price of 525p. British Land: Morgan Stanley raises target price from 540p to 570p and upgrades to overweight. Jefferies raises target price from 554p to 561p, hold recommendation maintained.
Read moreTuesday tips round-up: Mitie, Diploma and Majestic
20th Nov 2012 06:43
Tempus in The Times writes that outsourcers have had a largely positive reporting season this autumn and Mitie was sounding upbeat yesterday, even if the shares, which went above 300p briefly last week, fell 10p to 280p because of profit-taking. Revenues were up by 5.6% to £1,027m in the first hal
Read moreLondon close: Footsie rallies on US budget hopes
19th Nov 2012 16:53
- Obama confident that 'fiscal cliff' will be dealt with - Markets await Eurogroup meeting on Greece - Egypt PM says Israel/Gaza truce may be near -Reuters - Banks and miners surge on increased risk Stocks rallied on Monday after hitting a four-month low the previous session on the back of increas
Read moreFTSE 250 movers: Ocado shares rocket
19th Nov 2012 16:08
Online grocer Ocado jumped after saying it had secured more time to pay off debts and would raise 35.8m pounds through a placing of shares. The firm said it would use the extra time and money to increase its ranges, improve the customer experience and go on a marketing drive. Platinum miner Lonmin
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